Question: Please only do Required Question 5A which is Adjusted Trial Balance. Thank You On April 1. Jiro Nozomi created a new travel agency. Adventure Travel.

On April 1. Jiro Nozomi created a new travel agency. Adventure Travel. The following transactions occurred during the company/s firs month April 2 Nozoni invested $38,eee cash and computer equipment worth $35, e6e in the company in exchange for its common stock. April 3 the company rented furnished office space by paying $11, see cash for the first month's (Apri1) rent. April 4 the campany purchased 51,20e of office supplies for cash. April 10 the compamy paild \$2,7ee cash for a 12-month insurance policy. Coverage begins on April 11. April it the company paid \$1,26e cash for two weeks' salaries earned by enployees. Apri1 24 the conpany collected 512 , see cash for commissions revenue. April 28 the company paid $1,200 cash for two reeks' salaries earned by exployees. April 29 the company paid 529 cash for ninor repairs to computer equipment. April 30 the company paid 31 , 4ie cash for this month's telephone bili. April 30 the company paid 51,50 cash in dividends. The company's chart of accounts follows: Use the following information to prepare adjusting entries: a. Prepaid insurance of $150 expired this month. b. At the end of the month, $700 of office supplies are still available: c. This month's depreciation on computer equipment is $400. d. Employees earned $570 of unpaid and unrecorded salaries as of monthend e. The company eamed $2,500 of commissions revenue that is not yet recorded at monthend. Required: 1. \&. 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Requirement 6B GL tab. The compary records prepaid and unearned items in balance sheet accounts 3. Using occount balances from Requirement 68 GL tab, prepare an unodjusted triai balance as of Aprii 30 . 4. Joumalize the adjusting entries for the month, and then post to the ledger on Requirement 6BGL tab, using Aprit 30 Adjusted as the date. So. Using adjusted account balances from Requirement 68 GL tab. prepare an adjusted thiat bolance os of Aprili30. 56. Prepere the income statement for the month of April 30 . 5c. Preptre the statement of retained carnings for the month of Apri 30 . 5d. Prepare the balance sheet at April 30 . Bo. Prepare joumal entries to close the temporary accounts and then post to Requirement 6B GL rab. Lsing April 30 Close as the date. Ob. Post the joumal entries to the ledget. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Using asjusted account balances from Requicement 68 Gu tab, prepare an adjusted trial balance as of April 30 . Requlred: 1. 8. 2. Prepare journal entries to record the transactions for Apiil and poct them to kedger accounts in Requirement 6BB L tab. The comparny records prepaid and unearned items in balance shect accounts. 3. Using account balances from Requirement 6B GL. tab, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Requirement 68 GL. tab, uning Aptil 30 Adjunted as the date. 5a. Using adjusted account balances from Requirement 6B GL. tab. prepare an adjusted trial balance as of April 30 . 56. Prepare the income statement for the month of April 30. sc. Prepare the statement of retained earnings for the month of April 30 . 5d. Prepare the balance shect at April 30. Do. Prepare jocmal entries to close the temporary accounts and then post to Requirement 68 GL. tab, using April 30 Close as the date. ob. Post the joumal ertries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the labs below
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
